Opening a business has not been an impossible task in the past years. In certain markets starting up a business and growing it is much easier, in comparison. However, a lot of these new launched businesses fail in the long run. Now, it can be due to financial difficulties, high level of competition, poor business management strategy etc.
There have been a lot of articles about the financial issues and competition. So I skip that part and focus on my favorite subject “Poor Business Management or Leadership”.
Everything starts in the office. What happens there?
Many business owners have the false idea that being successful in the market is all about providing good products or services. Very few consider company’s internal strategies as important impact on the business and what is being presented outside.
Let’s have a closer look at it. We know managers are “busy” characters. They have tried hard to grow their business , balance the number of employees, build a reputation in the market, and in fact some of them have now more than one office and obviously they have out of office life too.
While they are developing their business and getting busy with so many things they lose attention on the human factor in the business. Very rarely, will you find them in office. And if they have more than one …show more content…
But usually Business owners and top managers fail to listen to these voices and rely on their own ideas or traditional methods. Now, I am aware that there are companies out there that do ask their staff’s opinions and suggestions, but haven’t seen many who actually give these new ideas serious thoughts. Is it because they do not see any reason or is it because they don’t think it works? Can we get help from market research analysts to study and prepare reports on risks and benefits of the presented
There have been a lot of articles about the financial issues and competition. So I skip that part and focus on my favorite subject “Poor Business Management or Leadership”.
Everything starts in the office. What happens there?
Many business owners have the false idea that being successful in the market is all about providing good products or services. Very few consider company’s internal strategies as important impact on the business and what is being presented outside.
Let’s have a closer look at it. We know managers are “busy” characters. They have tried hard to grow their business , balance the number of employees, build a reputation in the market, and in fact some of them have now more than one office and obviously they have out of office life too.
While they are developing their business and getting busy with so many things they lose attention on the human factor in the business. Very rarely, will you find them in office. And if they have more than one …show more content…
But usually Business owners and top managers fail to listen to these voices and rely on their own ideas or traditional methods. Now, I am aware that there are companies out there that do ask their staff’s opinions and suggestions, but haven’t seen many who actually give these new ideas serious thoughts. Is it because they do not see any reason or is it because they don’t think it works? Can we get help from market research analysts to study and prepare reports on risks and benefits of the presented